Well, here is an estimate based on the latest data.
If we use the 2024 price of $9.4 USD per MMBtu as per the ADX presentation slide, we can arrive at the following figures:
807BCF (best technical estimate) = 838,473,000 MMBtu
838,473,000 MMBtu x $9.4 USD = $7,881,646,200 billion USD.
Currency conversion: $7,881,646,200 x 1.50 (USD to AUD conversion) = $11,822,469,300 billion AUD.
Deduct 25% for partner MCF Energy = $2,955,617,325
Remaining to ADX: $8.86 billion AUD
At $57m market cap, its nice exposure to have.
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-30
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Last
9.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.01M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128455 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 4665 | 1 |
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| Last trade - 09.57am 14/05/2024 (20 minute delay) ? |
| ADX (ASX) Chart |
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